Kirkland's, Inc. (KIRK) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its position in Kirkland's, Inc. (NASDAQ:KIRK) by 68.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,081 shares of the specialty retailer’s stock after purchasing an additional 6,911 shares during the period. Wells Fargo & Company MN owned about 0.11% of Kirkland's worth $195,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KIRK. Teachers Advisors LLC increased its position in Kirkland's by 4.7% during the second quarter. Teachers Advisors LLC now owns 43,786 shares of the specialty retailer’s stock worth $450,000 after buying an additional 1,952 shares in the last quarter. Bank of New York Mellon Corp increased its position in Kirkland's by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 185,707 shares of the specialty retailer’s stock worth $1,909,000 after buying an additional 2,310 shares in the last quarter. Citigroup Inc. increased its position in Kirkland's by 13.0% during the second quarter. Citigroup Inc. now owns 27,315 shares of the specialty retailer’s stock worth $281,000 after buying an additional 3,144 shares in the last quarter. Northern Trust Corp increased its position in Kirkland's by 2.5% during the second quarter. Northern Trust Corp now owns 188,925 shares of the specialty retailer’s stock worth $1,942,000 after buying an additional 4,683 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Kirkland's by 1,103.1% during the second quarter. JPMorgan Chase & Co. now owns 9,998 shares of the specialty retailer’s stock worth $103,000 after buying an additional 9,167 shares in the last quarter. 93.37% of the stock is owned by hedge funds and other institutional investors.

KIRK has been the subject of several recent research reports. Zacks Investment Research downgraded Kirkland's from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. KeyCorp reissued a “buy” rating and set a $14.00 price target on shares of Kirkland's in a research report on Friday, November 10th. Finally, B. Riley set a $15.00 price target on Kirkland's and gave the stock a “buy” rating in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $12.50.

Kirkland's, Inc. (NASDAQ:KIRK) opened at $10.53 on Friday. The firm has a market capitalization of $169.22, a price-to-earnings ratio of 22.51 and a beta of 1.06. Kirkland's, Inc. has a 1 year low of $8.17 and a 1 year high of $13.42.

Kirkland's (NASDAQ:KIRK) last released its quarterly earnings results on Tuesday, November 21st. The specialty retailer reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The company had revenue of $144.98 million for the quarter, compared to analysts’ expectations of $142.31 million. Kirkland's had a return on equity of 5.93% and a net margin of 1.14%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.05) EPS. analysts anticipate that Kirkland's, Inc. will post 0.49 earnings per share for the current fiscal year.

In other Kirkland's news, Director Gregory A. Sandfort acquired 7,639 shares of the stock in a transaction dated Tuesday, December 5th. The stock was acquired at an average price of $13.12 per share, with a total value of $100,223.68. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $26,240. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 7.80% of the stock is owned by insiders.

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Kirkland's Profile

Kirkland’s, Inc is a specialty retailer of home decor and gifts in the United States. The Company’s merchandise categories include wall decor, art, mirrors, lamps, decorative accessories, accent furniture, textiles, fragrance and accessories, frames, housewares, impulse and personal accessories, outdoor living and artificial floral products.

Institutional Ownership by Quarter for Kirkland's (NASDAQ:KIRK)

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